After the news of Trump pushed Cronos to its peak, its market capitalization evaporated by over 6 billion dollars, with a fall of nearly 50%.

2025-09-26 14:30:02

Abstract generation in progress

PANews September 26 news, according to Cointelegraph, since Trump Media Group launched the CRO strategy last month, the native cryptocurrency Cronos (CRO) of the Cronos chain under the crypto assets platform Crypto.com has faced huge selling pressure. On August 26, after Trump Media Group announced the establishment of a $6.4 billion Cronos reserve, the price of CRO immediately skyrocketed by 40%. However, according to CoinGecko data, the price of the token continued to fall afterwards, almost erasing all gains, and on Thursday the price of CRO fell below $0.19, approaching the level before the announcement. Since the rise driven by Trump-related news peaked, Cronos's market capitalization has evaporated by over $6 billion, a decline of nearly 50%, with the market capitalization shrinking to $6.6 billion as of the time of writing. The market capitalization ranking of the token has fallen out of the top 30 crypto assets, currently ranking 33rd.

CRO-4.75%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.